Everywhere you turn, there seems to be more bad news waiting around the corner! Multiple crypto companies are laying off thousands of employees - is this a major recession warning? Subscribe to VoskCoin & follow my crazy crypto journey! http://voskco.in/Sub
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Crypto has recently seen a sharp decline in market value and prices, amidst a seemingly global market crash. In conjunction with this crash, many crypto exchanges are having to lay off workers - with the numbers totaling in the thousands already. What does this mean for the industry? Is this a clear sign that we are entering a recession? Let’s take a look at which companies are firing, and which company is hiring, despite the conditions!
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Timestamps
00:00 Is this the start of a recession?
01:35 Celsius suspends all withdrawals
03:17 Coinbase laying off 1,100 employees
07:51 Cryptocom laying off employees
08:26 BlockFi cutting off 20% of its employees
10:21 Gemini reducing the size of its team
11:12 A speck of light in the darkness?
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Crypto Exchanges Feel the HEAT! Recession Warning?
